Stock Groups

KFC-parent Yum Brands beats comparable sales estimates -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: This is Tokyo’s Kentucky Fried Chicken (KFC), restaurant, Tokyo, Japan. It was taken December 14, 2021. REUTERS/Kim Kyung-Hoon/File Photo

(Reuters] Yum Brands Inc, a KFC-parent company, has reported quarter-end comparable sales exceeding Wall Street estimates. The strong demand for Yum Brands Inc’s tacos and fried Chicken was fueled by people venturing out after COVID-19 restrictions were lifted.

Yum offers special menus to retain customers.

Sales in comparable quarters rose 5% for this company which also operates Taco Bell and Pizza Hut. Refinitiv polled analysts expecting an increase of 4.5%.

The same-store sales of KFC restaurants increased by 5% and Taco Bell’s by 8%. Analysts had expected them to grow by 4.1% & 6.1%, respectively.

From $1.08, earnings per share rose from $1.08 to $1.11.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]